Sarbanes-Oxley for Non-Public Insurance Companies ‘Doesn’t Fit’

...says NAMIC Report; Offers Process to Evaluate Solvency Laws

The case against a regulator initiative to apply Sarbanes-Oxley type requirements to non-public insurers continues to grow stronger with the release by the National Association of Mutual Insurance Companies (NAMIC) today of a detailed report that argues forcefully against the proposed initiative. In an effort to more effectively address the stated purpose of the regulator initiative, the report also outlines a series of steps that regulators should take to improve state solvency regulation.

See full Press Release.